NASD OTC Exchange Jumps 0.78%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed the final trading day of the week in the green territory after it appreciated by 0.78 per cent on Friday, October 6.

The growth reported by the alternative stock exchange was influenced by three securities, which pressed down the losses recorded by three other securities during the session.

At the close of transactions, the market capitalisation of the exchange went up by N8.62 billion to close at N1.111 trillion compared with Thursday’s N1.102, while the NASD Unlisted Securities Index (NSI) increased by 6.36 points to settle at 819.56 points versus the preceding day’s 813.20 points.

The gainers were led by FrieslandCampina Wamco Nigeria, which improved its price by N3.00 to sell at N76.50 per unit compared to N73.50 per unit, Central Securities Clearing System (CSCS) rose by N1.63 to close the day at N19.18 per share versus N17.55 per share, and Acorn Petroleum Plc jumped by 2 Kobo to finish at 40 Kobo per share versus the previous session’s 38 Kobo per share.

On the flip side, NASD Plc lost 60 Kobo to close the day at N10.90 per unit compared with Thursday’s N11.50 per unit, Geo-Fluids Plc fell by 21 Kobo to trade at N2.80 per unit versus the previous day’s N3.10 per unit, and Food Concepts Plc decreased by 16 Kobo to close at N1.44 per share versus N1.60 per share.

The day’s trading activity chart showed there was a jump in the value of shares traded yesterday by 96.2 per cent to N20.7 million from N10.5 million, the volume of securities traded at the bourse went up by 93.5 per cent to 6.8 million units from 10.5 million units, while the number of deals remained unchanged at 20 deals.

CSCS Plc remained the most traded stock by volumr (year-to-date) with 1.2 billion units worth N22.2 billion, UBN Property Plc was in second place with 951.2 million units valued at N948.6 million and Geo-Fluids followed with 668.2 units worth N1.2 billion.

CSCS Plc was also the most traded stock by value (year-to-date) with 1.2 billion units valued at N22.2 billion, VFD Group Plc occupied second position with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 6.2 million units valued at N2.2 billion.